“**Other Aircraft**” means the B737-800 aircraft with manufacturer’s serial number 35217 which is
leased to [\*];

“**Parent Purchaser**” means Air Lease Corporation, a corporation established in the State of Delaware
of 2000 Avenue of the Stars, Suite 600N, Los Angeles, CA90067, United States of America;

“**Part**” means, for any Aircraft, whether or not installed on such Aircraft, any component,
furnishing or equipment (other than a complete Engine) furnished with such Aircraft on the
applicable Delivery Date;

“**Permitted Liens**” means any Security Interest created by or resulting from debts or liabilities or
actions of any Purchaser, any Purchaser Nominee or any New Lessor; and the rights conferred by the
Lease Documents in respect of such Aircraft and Security Interests which the relevant Lessee is
permitted under the Lease in respect of such Aircraft to allow to subsist (but excluding any
Security Interest created by or attributable to debts or liabilities of any Seller or any of its
subsidiaries or affiliates);

“**Person**” means any individual person, corporation, partnership, firm, joint stock company, joint
venture, trust, estate, unincorporated organisation, association, Government Entity, or
organisation or association of which any of the above is a member or a participant;

“**Purchase Price**”, for any Aircraft, is defined in Clause 5.3;

“**Purchaser Conditions Precedent**” means, for any Aircraft, the conditions set out in Part B of
Schedule 4;

“**Purchaser Nominee**” means any wholly owned subsidiary of the Parent Purchaser or such other
person that complies with the relevant Seller’s and GE Capital Aviation Services Limited’s know
your customer checks and due diligence;